Projects are undertaken by businesses to achieve some specific objectives. By achieving them, they are able to better sustain themselves and boost their growth and development. But managing modern day projects is not an easy job as more and more businesses are composed of globally dispersed team members who find it difficult to communicate and collaborate perfectly with each other. It becomes difficult to coordinate their activities and to track if they are performing their tasks in a timely and required manner. The projects need to be managed within the constraints of time, budget and resources. Such high demands of projects cannot be handled through manual means or emails.